Foran Mining (TSE:FOM) Sets New 12-Month High – Here’s What Happened

Foran Mining Corp. (TSE:FOM) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.41 and last traded at C$4.18, with a volume of 6047497 shares traded. The stock had previously closed at C$3.90.

Analyst Ratings Changes

A number of analysts recently commented on FOM shares. BMO Capital Markets upgraded shares of Foran Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Foran Mining Stock Performance

The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of -83.60 and a beta of 0.76. The business’s 50 day moving average is C$3.69 and its 200 day moving average is C$3.23.

Foran Mining (TSE:FOM) last released its earnings results on Friday, November 7th. The company reported C$0.02 earnings per share (EPS) for the quarter.

Foran Mining Company Profile

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.